Lately I have been having alot of thoughts about the market.
Why does $ETH lead the bull markets?
Probably because $BTC is a bet in the past
$ETH is a bet on the future
while $BET although still undervalued is a bet on a self-evolving programmable money growing it's Mcap in leaps and bounds
It's because ETH is the leader as far as altcoin market goes, so everything it does have a trickle effect to the rest of the altcoins. Currently though, there are good news as MicroStrategy is also investing on ETH right now that's they it has surpasses and established a new all time high.
While the rest of altcoin is still way below their all time high, ETH has breaking it and will continue to push to even $2000 this week.
There are a lot of competitions out there, but ETH has established itself so competitions are left behind.